| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net loss | ||||||||||
-35,194 | -21,137 | -26,892 | -33,338 | -27,212 | -16,211 | -11,462 | -7,534 | -5,456 | -3,792 | -16,494 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||
Share-based compensation expense | ||||||||||
17,977 | 16,495 | 14,615 | 11,697 | 8,997 | 7,571 | 3,080 | 3,468 | 2,939 | 2,772 | 3,885 |
Depreciation | ||||||||||
7,423 | 7,244 | 7,761 | 7,655 | 4,975 | 3,353 | 2,008 | 1,886 | 1,878 | 2,164 | 2,132 |
Write-off of deferred financing costs and discount on long-term debt | ||||||||||
- | - | - | - | - | - | - | - | 153 | - | 102 |
Amortization of discount on long-term debt | ||||||||||
- | - | - | - | - | - | - | - | 22 | 185 | 169 |
Amortization of intangible assets | ||||||||||
1,943 | 1,510 | 1,367 | 1,644 | 1,303 | 1,421 | 12 | 13 | 44 | 199 | 281 |
Amortization of deferred financing costs | ||||||||||
375 | 515 | 264 | 218 | 61 | 113 | 115 | 100 | 97 | 111 | 87 |
Non-cash lease expense | ||||||||||
751 | - | - | - | - | - | - | - | - | - | - |
Loss on disposal of property and equipment | ||||||||||
-604 | -323 | -336 | -433 | -276 | -118 | 6 | -40 | -56 | 37 | -5 |
Realized loss (gain) from foreign exchange on intercompany transactions | ||||||||||
-181 | -165 | 173 | -407 | -434 | -544 | - | - | - | - | - |
Accretion of investments | ||||||||||
922 | 362 | -30 | -126 | -577 | -500 | -49 | -12 | -61 | - | - |
Gain on sale of intellectual property | ||||||||||
- | - | - | - | - | - | - | - | 300 | - | - |
Provision for doubtful accounts | ||||||||||
582 | 598 | -172 | 149 | 144 | -34 | -14 | 1 | 28 | -16 | -9 |
Change in value of contingent consideration | ||||||||||
-4,916 | -10,825 | -4,078 | 969 | - | -8,032 | - | - | - | - | - |
Other non-cash adjustments to income | ||||||||||
- | - | - | - | - | 95 | - | - | - | - | - |
Payment of contingent consideration in excess of purchase accounting amount | ||||||||||
- | 96 | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||
Goodwill impairment | ||||||||||
- | - | - | - | - | - | - | - | - | - | 6,812 |
Settlement reserve | ||||||||||
- | - | - | - | - | - | - | - | - | - | 3,955 |
Accounts receivable | ||||||||||
3,201 | 2,837 | 1,464 | 1,982 | 900 | 4,168 | 1,248 | 417 | 199 | 2,300 | 685 |
Inventories | ||||||||||
5,151 | 146 | 4,477 | 79 | 2,950 | 4,343 | 2,288 | -865 | 923 | 850 | -1,504 |
Other current assets | ||||||||||
1,199 | 367 | -829 | -122 | 928 | -307 | 1,257 | -57 | 17 | -525 | -169 |
Accounts payable | ||||||||||
2,790 | -2,398 | 1,290 | -1,072 | 4,013 | -944 | 1,445 | -132 | 788 | 893 | -1,550 |
Accrued liabilities | ||||||||||
3,108 | 7,016 | 2,228 | -1,915 | 3,070 | -1,847 | 4,114 | -97 | -976 | -237 | 140 |
Other noncurrent assets and liabilities | ||||||||||
962 | -131 | 408 | 153 | -298 | 43 | -230 | 198 | 181 | -350 | 85 |
Net cash used in operating activities | ||||||||||
-15,811 | -4,171 | -8,944 | -15,119 | -7,842 | -21,600 | -5,222 | -1,936 | -1,986 | -33 | 419 |
Cash flows from investing activities: | ||||||||||
Purchases of available-for-sale securities | ||||||||||
73,249 | 106,588 | 16,455 | 28,592 | 19,525 | 41,107 | 21,243 | 9,236 | 12,649 | 11,124 | 8,015 |
Sales and maturities of available-for-sale securities | ||||||||||
100,485 | 27,389 | 26,600 | 24,202 | 40,602 | 19,614 | 6,200 | 9,400 | 16,506 | 9,598 | 1,201 |
Purchases of property and equipment | ||||||||||
12,182 | 6,211 | 6,384 | 7,692 | 13,445 | 5,508 | 2,864 | 2,985 | 1,522 | 1,814 | 1,360 |
Proceeds from sale of property and equipment | ||||||||||
39 | 6 | - | 3 | - | 77 | 48 | 24 | 89 | 5 | 2 |
Increases in property under build-to-suit obligation | ||||||||||
- | - | - | - | 10,552 | 3,699 | - | - | - | - | - |
Cash acquired through Estech business combination | ||||||||||
- | - | - | - | - | - | 3,708 | - | - | - | - |
Cash paid for business combination | ||||||||||
17,240 | - | - | - | 7,581 | - | - | - | - | - | - |
Proceeds from sale of intellectual property | ||||||||||
- | - | - | - | - | - | - | - | 300 | - | - |
Change in restricted cash and cash equivalents | ||||||||||
- | - | - | - | - | - | - | - | - | - | -6,000 |
Net cash provided by investing activities | ||||||||||
-2,147 | -85,404 | 3,761 | -12,079 | -10,501 | -30,623 | -14,151 | -2,797 | 2,724 | -3,335 | -2,172 |
Cash flows from financing activities: | ||||||||||
Proceeds from sale of stock, net of offering costs of $229 | ||||||||||
- | 82,873 | - | - | - | 65,830 | 26,872 | - | - | - | - |
Proceeds from debt borrowings | ||||||||||
20,000 | 17,381 | - | 25,000 | - | - | - | 10,000 | 7,500 | - | 6,500 |
Payments of debt and leases | ||||||||||
629 | 1,755 | 1,689 | 439 | 263 | 6,382 | 2,055 | 8,096 | 4,046 | 2,227 | 7,493 |
Payments of debt fees | ||||||||||
329 | 1,136 | 50 | 120 | 62 | 181 | 99 | 127 | 81 | 68 | 235 |
Proceeds from stock option exercises and employee stock purchase plan | ||||||||||
1,202 | 6,012 | 4,402 | 3,337 | 2,703 | 1,916 | 1,718 | 659 | 1,588 | 353 | 33 |
Shares repurchased for payment of taxes on stock awards | ||||||||||
9,033 | 4,457 | 2,013 | 1,701 | 782 | 331 | 398 | 401 | 783 | - | - |
Proceeds from issuance of common stock under employee stock purchase plan | ||||||||||
2,662 | 2,383 | 2,110 | 1,618 | 1,539 | 1,320 | 790 | 627 | 669 | 499 | 281 |
Payment of contingent consideration liability previously established in purchase accounting | ||||||||||
- | 1,125 | - | - | - | - | - | - | - | - | - |
Proceeds from build-to-suit obligation | ||||||||||
- | - | - | - | 10,552 | 3,699 | - | - | - | - | - |
Proceeds from economic incentive loan | ||||||||||
500 | - | - | - | 340 | - | - | - | - | - | - |
Payment of stock issuance fees | ||||||||||
- | - | - | - | 66 | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||
14,373 | 100,176 | 2,760 | 27,695 | 13,961 | 65,871 | 26,828 | 2,662 | 4,847 | -1,443 | -914 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-163 | -179 | 24 | -53 | -238 | -156 | -316 | 65 | -57 | 137 | 123 |
Net decrease in cash and cash equivalents | ||||||||||
-3,748 | 10,422 | -2,399 | 444 | -4,620 | 13,492 | 7,139 | -2,006 | 5,528 | -4,674 | -2,543 |
Supplemental cash flow information: | ||||||||||
Cash paid for interest | ||||||||||
3,719 | 3,870 | 2,002 | 1,506 | 232 | 115 | 473 | 607 | 405 | 418 | 460 |
Cash paid for income taxes | ||||||||||
259 | 65 | 37 | 30 | 20 | 146 | 30 | 14 | 30 | 30 | 17 |
Non-cash investing and financing activities: | ||||||||||
Contingent consideration in business combinations | ||||||||||
171,300 | - | - | - | 40,207 | - | 8,032 | - | - | - | - |
Stock issuance in business combinations | ||||||||||
20,307 | - | - | - | 69,054 | - | 39,720 | - | - | - | - |
Share-settled portion of contingent consideration | ||||||||||
- | 6,279 | - | - | - | - | - | - | - | - | - |
Accrued purchases of property and equipment | ||||||||||
1,053 | 348 | 650 | 340 | 1,277 | 547 | 282 | 10 | 44 | 62 | 15 |
Receivable related to sale of property and equipment | ||||||||||
- | - | - | - | - | - | - | - | - | 89 | - |
Assets obtained in exchange for finance lease obligations | ||||||||||
270 | 24 | 2 | 152 | 50 | 47 | 68 | 65 | 60 | - | 105 |
Finance lease early termination | ||||||||||
- | 6 | - | 37 | - | 38 | 24 | 13 | - | - | - |
Warrant issued in conjunction with credit facility | ||||||||||
- | - | - | - | - | - | - | - | - | - | 455 |